Spotlight on Financial Inclusion

Posted 29.11.2022

Stakeholder Managers have been working with local providers to highlight the issues around financial resilience, the cost of living and the impact on our local communities.  We know that people who have a mental health issue are more likely to be in debt and we also know that financial pressure is affecting many people within our local communities. In fact we know that most people in work are less than two pay packets away from financial disaster. Rental increases, food poverty, energy price increases and so much more are affecting our local communities.   But there is lots happening to help our communities:

Following on from the Tackling Financial Inclusion in Nottinghamshire mapping report and event, a significant amount of work has been taking place in the D2N2 area.

This has included:

  • A Nottinghamshire Council Internal Group was formed, which is working on communication, data and insight and support services.
  • Grant funding has been announced to support a number of activities in the local community including supporting Voluntary and Community led organisations to continue services and to support their increasing energy costs, an extension to the County Council welfare rights team, extra funding for food poverty and funding to provide expert advice to help residents to be more energy efficient.  Further information on how to apply will be posted on the Nottinghamshire County Council website.  Link to the news story £700k package of support planned to help with the cost of living | Nottinghamshire County Council
  • Formalised training is being developed for front line workers working in partnership with the Money Advice and Pension Service (MaPS).
  • Nottinghamshire County Council has created a new cost of living page on their website to help local residents find information Cost of living support | Nottinghamshire County Council This page also has a link to local cost of living events, warm spaces locations and district and borough cost of living websites.
  • Bassetlaw CVS and Ashfield Voluntary Action have produced a cost of living booklet for local people – and there will be more of these developed over the next few months.  You can find these here Support with The Cost of Living | Bassetlaw CVS (bcvs.org.uk)  and  https://www.ashfieldvoluntaryaction.org.uk/our-work/accessing-help/
  • Gedling Borough Council in collaboration with Gedling Community and Voluntary Partners have produced a directory of assistance and support available to the local community this winter.  Link to the DIRECTORY
  • Nottingham City have information about money and the cost of living on their ‘Ask Lion’ directory  Money | Ask Lion – Nottingham City Directory
  • Nottinghamshire County Council have information about the cost of living on their Notts Help Yourself directory  Nottshelpyourself and via the My Notts app which can be downloaded for android and IOS  from the app store  MyNotts – Nottinghamshire Coun – Apps on Google Play
  • We have presented to range of providers and we are actively working to create a Nottinghamshire Tackling Financial Resilience Network which will bring together key strategic partners from local authorities, communities & voluntary sector, Police, Fire Service, housing providers, Department for Work &Pension, NUH and Sherwood Forest Hospitals, local business partnerships, national organisations and the Integrated Care System.  We aim to create a county wide action plan supporting place based partnerships using the model from the Nottingham Financial Resilience Partnership – Nottingham Financial Resilience Partnership | Financial Wellbeing
  • The cost of living is rising steeply. Energy, food and bills are all increasing, and many of us are struggling to keep up. Derby City Council in partnership with Community Action Derby have put together a list of resources available to all containing information with help that may be available to you – whether it’s support with debt, help to cover your bills, or access to jobs advice. https://www.communityactionderby.org.uk/crisis-support/help-with-the-cost-of-living
  • The Derby City Council Household Support Fund is also available until the 31t of march https://www.derby.gov.uk/advice-and-benefits/benefits/household-support-fund/#page-1#

Stakeholder Managers will continue to work to support and promote this work in our areas.

BBO is having a significant impact on individual lives, supporting people to increase their confidence, independence and achieve their employment aspirations.

See what our participants have to say in these case studies …

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